6月30日CNN聽力：煤油價錢狂跌致委內瑞拉墮入經濟危急
CARL AZUZ, CNN STUDENT NEWS ANCHOR: A lotof developments in the U.S. presidential nominationprocess. That's coming up later today on CNNSTUDENT NEWS.
First up, in the South American nation of Venezuela,there's a rationing in place. Residents say that if theywant to buy flour, rice or milk at a governmentsupermarket, they have to wait in line, sometimes for an entire day, and they're limited on thedays when they can do that.
The drop in oil prices in a country whose revenue is dependent on oil sales caused majordeficits. The government tried to make up for those by printing money. That led to severeinflation when the value of currency goes down and the price of goods goes up.
There are food shortages. People can't get medical care. They're buying medicine on the blackmarket.
Electricity has been rationed in many areas, shutting down power for hours a day. There hadbeen riots. Stores had been looted, and there's effort going on to remove President NicolasMaduro from office.
Officially, Venezuela is a federal presidential republic. But the government's move in recent yearstoward socialism, extended government controls over major industries.
SUBTITLE: Venezuela's economic disaster.
PAULA NEWTON, CNN CORRESPONDENT: This economic crisis has been years in themaking. The socialist government here is being accused of really discouraging investment inthis economy and what's happened over the last years is we've seen severe shortages of food.
What really made things dramatic though was when oil price plunged about a year and a halfago now. Venezuela depends on the selling of oil for almost all of its government income.
On top of that, it is now so reliant on imports of almost everything. They are not taking inenough money to pay for all the imports that they need.
And that has now led to rampant inflation. The IMF says at least 700 percent by the end ofthis year.
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